Economic slowdown hits the Indian PC market, declines by 5.9% [India Business] [Times of India]
(Times of India Via Acquire Media NewsEdge) MUMBAI: The overall personal computer market in India declined in the third quarter of this year as consumer sentiments were hit by a slowing economy. The PC market which totalled nearly 2.9 million units registered a 5.9% fall over the third quarter of last year, according to market research firm Gartner, Inc.
Consumers accounted for 47% of total PC sales in the third quarter of 2012 compared to 55% in the third quarter of 2011, said Vishal Tripathi, principal research analyst at Gartner. This emphasises the fact that despite the festive season and availability of various end user schemes on PCs, the market was impacted by high inflation, global economic uncertainty and limited share of wallet as consumers preferred to spend on other consumer durables, he said.
Mobile PCs, with a 23% year on year increase, helped drive overall market growth. Lenovo retained its number one position while Acer was at the second position with a 15.7% share an increase of almost 5% from last year. HP's PC shipments grew 10% while Dell , on the other hand, saw a decline of 22% compared to the third quarter of 2011 in its sales. Multinational brands contributed to more than half of the total PC shipments in the first quarter of 2012, with shipments from Acer, Dell, HP and Lenovo representing 60.6% of the market . Local vendor HCL's PC market share dropped to 3.4% ias it experienced a 43% year-on-year decline from the third quarter of 2011.
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